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Mining Indaba 2016 Update

In 2015, the mood at the Mining Indaba was generally depressed as the industry came to grips with what was then believed to be the worst position in which it could be. Things, of course, got worse and conversation turned to whether, and when, the industry would reach the lowest point, and then recover.

The mood at this year's Mining Indaba, in contrast, has been subdued - stakeholders seem to have accepted the reality of the situation and are looking at ways in which assets can be preserved in such a way that the next upswing in commodity demand can be exploited in the quickest time possible.

The Minister seems to have taken into account the voices of a range of stakeholders in the industry and has committed to addressing preservation of jobs, finalising changes to the Mineral and Petroleum Resources Development Act, settling the dispute regarding Black Economic Empowerment and, in particular, the "once empowered always empowered" debate, Mining Charter 3, and heeding the call for improved health and safety.